VC-backed AltspaceVR to shut down app

July 31, 2017

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Platform Software | Redwood City, CA

VR software company AltspaceVR will cease operating its social app at the beginning of August. Founded in 2013, the startup has raised just about $16 million in VC funding from backers including Lux Capital, Raine Ventures and Rothenberg Ventures. AltspaceVR may use its technology for a different application in the future, per a blog post on the company's website.